Dinar Observer Daily

Dinar Investor – Jeff   I told you to add 90 days to a Sunday after December 20th when they devalued it [the dinar].  It takes you to Sunday March 21st.  As we’re approaching March 21st you can clearly see all Iraq’s news is right on par – how they’re completing the budget, adjusting the exchange rate and everything’s right at the cusp of happening exactly at the 21st.  I mean it’s a no brainer…

Dinar Investor – Jeff   No one knows what the rates going to be…I feel the true final rate will be around $3.80.  that’s my opinion.  I want to put out a possibility…Iraq devalued their currency to get 3 zero notes out of circulation in Iraq.  They could do something similar to that for you and I.  They could release a sucker rate of 1 to 1…They did it for 90 days in Iraq with the devaluation – I think they’ll do this 1 to 1 sucker rate again for 90 days.  You’re gonna want to pay attention…after that 90 days that’s when they would hike it…around Sunday June 20th.  [Post 1 of 2]

Dinar Investor – Jeff   What should you do with the one dollar sucker rate?  …most people will have some quick bills they have to pay so a simple recommendation maybe just go exchange…just enough money to keep your head above water…and then once the rate goes up to a higher mark after the 90 days then you can go cash out the bulk of it.  But even after 90 days the rate can still go higher than that so I don’t recommend rushing this thing.  You have to remain patient with it.   [Post 2 of 2]

MilitiaMan – Dinar Guru  …Very important adviser [Salih] stating that the White Papers need activation or nothing will get done. Talk about being open about it!! They have no choice now. They need the rate to be exposed.. Without saying it directly, he is saying it.. imo...

Dinar Investor – Jeff   Article: “Political agreement to pass the oil and gas law”  Oil and Gas Law is oil profit sharing for the citizens.  It’s still outstanding…Why hasn’t it been implemented yet?  It can’t be.  It’s waiting for the rate change. That’s why it’s still outstanding…In order to implement it they have to change the rate first.  Then they can amend the constitution and then they can implement it when the budget goes active on April 1st.  Boom!  …all of this is coming forth now.  You guys are in the best position.  We’re golden.  This thing is locked and loaded.  You are right on the cusp of it…

Mountain Goat – Dinar Guru   When will they vote on the Oil and Gas Law? They will probably take this up soon too along with the referendum for Article 140. Both of these laws have been ongoing as pieces to the Oil and Gas law have already been voted on and are now effective laws. But the KRG needs to assurances (by legislated law) how this territory in article 140  is to be managed and by whom and will need the funding from the GOI to do it.

Mountain Goat – Dinar Guru  Article:  “INTERNATIONAL MONETARY FUND REVEALS LOAN TERMS, CONFIRMS SUPPORT FOR WHITE PAPER AND EXCHANGE RATE CHANGE”   I am hearing that Iraq may not be taking this IMF loan after all as oil is rising very quickly. This is a very good sign…

Dinar Investor – Jeff  Article:   “Parliament announces the completion of the vote on the draft law of Federal Court in Monday’s session”  The fact that you see them getting this law done now confirms to you that the rate change is here because this law had to be delayed and timed with the rate change.  They could only bring it forward when they’re ready to change the rate.  That’s what they’re doing right before your eyes…more good news walking you into next weekend for a rate change…

Mountain Goat – Dinar Guru  As oil prices rise Iraq is bouncing back. We see them accumulating yet more funds in the CBI reserves.  This is all very good!  They will need this to RV. Remember that in 2012 Dr Shabibi has nearly 90 billion in the reserves and kept the provisional rate to 1166.  Remember Dr Shabibi planned to revalue the currency in 2012 and then reinstate it in early 2013. So, in today’s day and age and all that is happening in the USA I would not doubt that an RV could happen before they opened the budget…

MilitiaMan – Dinar Guru  Article:  “Adjusting the exchange rate of 1200 dinars … Deputy: The decision is exclusively in the hands of two parties – urgent”  Quote:  “Obligated to return the exchange rate to what is was and what is stated in the 2021 budget…”  Well that is the million Dinar Statement of the Decade imo lol… What is that rate at which they speak? If it is the program rate, why hide it? They wouldn’t… This article…is a doozy...

Dinar Investor – Jeff   December 20th they devalued the currency.  That was the launch and implementation of the reforms.  That was nothing more than a 90-day tool in preparation for the rate change to withdraw and bring in 3-zero notes from the citizens and within the country of Iraq .  So Iraq has already technically started and have implemented the reforms by devaluing their currency…March 21st is a holiday we’re looking for.  It’s the same exact historical Sunday when Kuwait changed the value of their currency in ’91...that’s our best guess as to when the rate’s going to change…

MilitiaMan – Dinar Guru   Article:  “Al-Sadr’s Alliance is distancing the Kurdistan Region from delaying the budget and disclosing other differences”  Quote:  “…the dispute over the Kurdistan Region’s share in the 2021 budget is not the reason for the delay in voting on it by the House of Representatives...”  Even Sadr is stating that the reason for the delay is not Kurdistan Region’s share of the 2021 Budget, but, that is about technical differences and issues with the Dinar exchange rate to the dollar. Well go figure. They all know what the exchange rate means to the country.They have been very busy today about talking about the private sector and going global. To do so will require a strong exchange rate, at least not one at a program rate…  [post 1 of 2]

MilitiaMan – Dinar Guru  ...it is safe in my view to presume that the new exchange rate would precede any vote or there would be concerns of significant consequences from the people. That vote is slated for Monday… there is pressure from and on many fronts to adjust the exchange rate and soon…Even the UN is pushing hard…imo I like March in a big way…imo.  [post 2 of 2]

Dinar Investor – Jeff   The CBI will never ever tell you when they’re going to revalue the currency.  Nor will they ever tell you what the value of the currency is going to be.  Has the CBI ever given their preferred ideal time frame when they would like to change the value of the currency?  The answer is yes…at the beginning of a fiscal period.  Second, you can not research Iraq’s fiscal year on the internet…I have consulted with Iraq’s government…Iraq’s budget is April through March of the following year…when you look at historical action it’s real easy to piece it together.  That means they’re pretty much going to change the rate most likely in late March exactly how Kuwait did...

Mountain Goat – Dinar Guru   All the news this week is about passing some much-needed legislation in parliament. Right now there are two laws on the table to vote on. The Federal Court Law and the 2021 Budget. We were originally told earlier this week the budget would be voted on in next Monday’s session but now we are told it will be held up due to the also wanting to take up the Federal Court Law in the same session. The law is still being fine-tuned.

Dinar Investor – Jeff   There are no “tiers”.  That’s a scam.  There isn’t two different rates.  You don’t have a contract rate and a market rate.  Contract rates don’t exist…it’s all lies and B.S…

Kaperoni – Dinar Guru   …There is no RV.  The only way the dinar will go up in value is with the success of the private sector.  Iraq needs to continue to pass laws that are critical to the growth of the economy. Only with significant investment and the development of a private sector will the dinar begin to go up in value. There are no shortcuts…

Mountain Goat – Dinar Guru   Article:  “AL-HALBOUSI: PRESENT THE BUDGET TO A VOTE SOON, AND WE WILL PROCEED WITH THE LEGISLATION OF THE OIL AND GAS LAW”   I have always said that Iraq will need to fully implement their new constitution of 2005 no matter what this means prior to the reinstatement of their currency. There is not much more to do. We know they need a referendum for the Article 140 part to settle how these disputed pieces will be managed and who will manage them. There is also the infamous oil and gas law. Both of these are now in their final stages and we should finally see them. There is also the court reforms that are expected…

Pimpy – Dinar Guru   Article:   “Member of Parliament on the exchange rate of the dollar:  It will continue until this date”  What?  Is there a date for the rate?  Quote:   “…calls for a reduction or restoration of the exchange rate to its previous state.”  …what does this mean? …some people think it means restoring it to its previous rate of $3.22 for every dinar…It isn’t very clear here…IMO a jump that big at this moment would be a bad move…It would cause the collapse of the dinar jumping to the $3.22 rate.  Not quite yet.  Let’s let them get things going and then let’s see what happens.  Restoring it back to the 1190 level I can see that…yes you guys can make all kinds of arguments both ways about what the rate should be.  I understand that… does that mean it will never change?  No…it could change by next month that’s the thing, we have to watch what they do…When Kuwait went to change their dinars they told people it wouldn’t happen for years then it happened two days later…

Dinar Investor – Jeff    “The House of Representatives completes voting on the Federal Court Bill”  They’ve had attempts to pass this Federal court Law for a very long time over many many years…It’s part of the basket of suspended laws…it’s also linked and timed with the rate change.  It can only happen in close proximity to the rate change.  Last week they finished 6 out of 10 parts…yesterday they finished the last 4 sections.  At this time the Federal Court Bill has been completely passed and approved…that’s huge progress…Iraq is now graduating back to the international world…

Mountain Goat – Dinar Guru   ...remember that the 2021 budget is not yet passed thus not yet opened. We could still have an opportunity to see the revaluation and reinstatement. I know it is March already and far from early January but what matters the most is that they have not yet opened the new budget and spent it. Once they do this we are in trouble if they have not yet moved on the PROJECT TO DELETE THE ZEROS and the revaluation part of the process…

Pimpy – Dinar Guru  Many people are asking me, ‘Hey Pimpy When do you think the RI/RV is going to happen?  Will it be announced?  What do you think the rate is going to be?‘  We don’t do rates and we don’t do dates.  There’s a reason for it.  Because no body knows.  Everything is speculation… there could be an announcement of an RV or an RI at anytime.  No one knows.  I don’t care if you’re talking about backroom screens, redemption centers on standby, waiting for magic codes, all that crap.  I don’t care what they say, it’s all bull shit.  [Post 1 of 2]

Pimpy – Dinar Guru  You don’t need humanitarian projects, you don’t need to go to redemption centers, you don’t need to take your dinar and turn it in to anybody. So when they say they have these…they want you to give them your dinars because they’re getting ‘contract rates’ that’s really skittish.  Be careful…don’t get focused on just an announcement.  There are other things we can be watching out for that would allow the Iraqi dinar to increase in value…Strong economy.  Increase in Federal Reserves.  Increase in gold holding.  Decrease in money supply…   [post 2 of 2]

Dinar Investor – Jeff  Article:   “Al-Kazemi: We have succeeded in crossing the economic crisis and an international readiness to support Iraq in reform”  Remember these reforms can only be launched and implemented after Iraq has changed their rate.  That’s why since last year they’re still talking about reforms…anything that costs money within the reforms can only be launched and implemented after the rate change…That’s why the bulk of the reform is still pending and outstanding because it’s waiting on the rate change.  That level of reforms requires Iraq’s currency to be internationally recognized…

Petra – Dinar Guru  It’s just mind boggling to think of every step, every person, every integration, electronic integration, everything that had to be done to bring us to this point has just been absolutely amazing…the infrastructure they’ve built is absolutely phenomenal…the great thing is this is going to take them to a whole new level which they can build their country to be a recognized entity in the international markets…

Mountain Goat – Dinar Guru  Article: “REPRESENTATIVE ECONOMIC: THE CONDITIONS ARE READY TO ADJUST THE EXCHANGE RATE AND THE OIL BARREL IN THE BUDGET”  Quote:  “…Al-Faily said, “THE CONDITIONS ARE IN PLACE TO RESTORE OR REDUCE THE EXCHANGE RATE OF THE DOLLAR AGAINST THE IRAQI DINAR IN THE DRAFT BUDGET”  this article…is powerful. They are telling us that now that the “economic conditions are ready” they are ready to adjust the exchange rate. No more excuses. But they need the new rate in the budget. I know for a fact they will never put the rate in the budget until it is all completed. So Al-Faily knows what he knows but not what the CBI will ever do for security reasons.

MilitiaMan – Dinar Guru   A process had to be brought fourth…a currency reform is complex…It’s not an easy task to do what they’re doing.  They have to set up things.  They’ve got decisions that need to be made.  They have to set the stage for the economy to be able to do this.  And they have to have components of psychology involved because the people can’t adjust… ultimately they had to get everything in order…kicking the can? …or were they really just stalling for the system to be in place? …eventually they’ve got to finish it…I think the 2021 budget, the Kurds, Hydro Carbon Law – they’re all waiting for the same thing – the time to get that phone call saying show up. It’s show time!

Pimpy – Dinar Guru    Article:   “Al-Halbousi directs to include the budget bill next Monday”  I think we are at a place right now where this negotiation is going to get finalized between Erbil and Baghdad and you’re going to see shortly after that the budget go ahead and passed.  Something about the presence of the pope changed people’s views on things and they decided to start cooperating which is very good…

Mountain Goat – Dinar Guru  …March is going to be a very significant month for everyone everywhere. This week I took the time to call my contact person in the CBI. I am told the IMF just completed a week-long high-level meeting with to finalize the project to delete the zeros and just how they plan to roll it out…Why would they do this now?  Also, in this meeting they talked rates for the in-country revaluation and then the later reinstatement. The rates are rising as oil is rising to over $70+ a barrel. I was reminded by my contact that they will soon be no longer dependent on the currency auctions. This was fantastic news as I know what this means. They have not yet used the Buna system but are fully functional and tied into it…

Petra – Dinar Guru  Because there is a huge amount of infrastructure that was necessary to bring this whole thing together and now looking in hindsight…we see the requirements what were necessary for the premise ‘It can not fail with the citizens.’…there was no true “kicking the can“.  It was the development of the infrastructure that was necessary so it would be successful…a lot of work had to be done…to make it work.  And to make it clear no more shenanigans can go on inside Iraq banks and markets.  It’s going to be a clear transparent system by which currencies and businesses can transact in the world we call Iraq.